Absa Group Ltd, one of the largest diversified financial service providers in Africa, has concluded an agreement with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, helping Absa expand financing across seven countries in Sub-Saharan Africa.
Absa announced the appointment of Aaron Daniel Mminele as Group Chief Executive (GCE) of Absa Group, effective from 15 January 2020.
12 December 2019
PMI ticked down to 47.7 index points from 48.1 in October
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked down to 47.7 index points in November from 48.1 in October. The decline was broad-based as four of the five subcomponents of the headline PMI nudged down when compared with the previous month. Despite the decline, the average level of the PMI in October and November is still slightly above that recorded in the third quarter.
3 December 2019
Absa plans to grow its lending book in African markets
Absa Corporate and Investment Banking (CIB) says there are good business opportunities in some markets in sub-Sahara Africa outside South Africa where the bank has appetite to increase its agricultural lending book. Roux Wildenboer, Absa CIB Sector Head (Agriculture) says potential exists in countries such as Kenya, Ghana, Mozambique, Tanzania and Zambia.
19 November 2019
Absa looks to promote intra-regional trade and investment
Absa looks to promote intra-regional trade and investment through a US$ 250 million trade finance deal
Absa Group Limited subsidiaries Barclays Bank of Uganda Limited and Barclays Bank Moçambique were renamed Absa Bank Uganda Limited and Absa Bank Moçambique, SA., respectively, today, signalling significant progress in the group’s continent-wide rebranding programme.